Nippon Sheet Glass chief Chambers steps down

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Stuart Chambers is to step down as chief executive of Nippon Sheet Glass Co. to spend more time with his family, after a stint of a little more than a year as one of the few foreigners to head a Japanese company.

Nippon Sheet Glass, which makes glass used in cars, construction and for the production of electronics, said on Wednesday [Aug. 26] Chairman Katsuji Fujimoto would assume the CEO post from Oct. 1 while the company searches for a permanent replacement.

Chambers, a 53-year old British national who was head of British glass maker Pilkington when Nippon Sheet bought it in 2006 for about 2 billion pounds ($3.3 billion), said he wanted to devote more time to his family living in the U.K., according to an Aug. 26 Reuters report.